Canadian Parts Makers Ask For Help; Government Says… Something

canadian parts makers ask for help government says 8230 something

With the strong loonie, declining auto production and cheap foreign-made parts working against them, auto parts makers in Canada, along with the governments of Ontario and Quebec, asked the federal government for CA$400M in assistance to stay afloat. The response from Federal Industry Minister Jim Prentice came in typical bureaucratese: "I'm certainly happy to sit down and discuss it, but I would point out that the items which the government can control and which ensure competitiveness in the auto sector are items we are working on." Okay, Finance Minister Jim Flaherty, what do you have to say on the subject? "Had they [the Ontario and Quebec premiers] been fully briefed, they would be familiar with the $1.3-billion reduction in the capital costs, the accelerated capital costs [for manufacturers], the benefit that we brought in … the March budget, months ago … so the federal government has done a great deal and I'm looking forward to the provinces emulating the federal government." Uh… right. So will they get the assistance or not? We make that a definite maybe.

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  • Redbarchetta Redbarchetta on Nov 28, 2007
    daro31 Does this happen with all the car companies you work with or just the Big 3? It's sickening to see this going on while the guys at the top get paid millions to flush the company down the toilet.

  • Kurt B Kurt B on Nov 28, 2007

    It amazes me how the general discussion is about when the Chinese built vehicles will arrive in NA. What we should be discussing is what has happened iin most other sectors, Chinese parts. We're going to have to say a sad bye bye to the NA parts manufacturers in the near future.

  • Tentacles Tentacles on Nov 28, 2007

    What are they going to do? Start charging special Canadian pricing just to spite us?

  • Joemoc1 Joemoc1 on Nov 28, 2007

    The saddest thing about the China parts making it into the parts warehouses, is that the parts will still be outraguosly priced to the end user. Regaurdless of how inexpensive they are purchased for. When will we discover the kinder genteler Capitolist?

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